The New Zealand Treasury's Economic Update issued late last week showed that there is no near-term turning point seen for the economy and the consensus expects the Reserve Bank of New Zealand (RBNZ) to hold interest rate on Wednesday. … [Continue reading]
EUR/USD Forecast: EUR/USD steady sub-1.0900 ahead of fresh clues
EUR/USD Current price: 1.0865 A holiday in Europe and a scarce American calendar kept EUR/USD range bound. Germany and the Eurozone will release minor macroeconomic figures on Tuesday. EUR/USD consolidates last week’s gains; bulls paused but … [Continue reading]
Fed officials speak cautiously on policy outlook after April inflation report
Fed policymakers' comments will be watched closely by investors this week. Markets see a waning probability of a Fed policy hold in September. Fed rate outlook could influence the risk mood and the US Dollar's valuation. Federal Reserve (Fed) … [Continue reading]
BoE’s Broadbent:
Bank of England (BoE) Deputy Governor Ben Broadbent said on Monday that it was possible that the BoE could cut the policy rate this summer, per Reuters. "If things continue to evolve with its forecasts - forecasts that suggest policy will … [Continue reading]
Australian Dollar remains firmer due to improved risk appetite, tepid US Dollar
The Australian Dollar appreciates due to improved risk appetite on Monday. The Aussie Dollar may struggle as Australia’s 10-year bond has dropped to its monthly lows. The US Dollar faces a challenge as US Treasury yields inch lower. The … [Continue reading]
PBoC sets USD/CNY reference rate at 7.1042 vs 7.1045 previous
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Crypto analyst says Bitcoin bottom is very close, another correction in BTC likely
Bitcoin is trading above key support at $65,000, at $67,090 on Sunday. Crypto analyst Rekt Capital says that a Bitcoin bottom is very close, based on his analysis. Crypto trader Yoddha takes an opposing stance, says there may be no deep … [Continue reading]
AI tokens could see gains as market participants awaiting NVIDIA earnings
Cryptocurrencies in the Artificial Intelligence category could see gains as the market prepares for NVIDIA earnings next week. Shares of NVDA have emerged as the poster child for AI crypto tokens, assets noted a rally post the previous earnings … [Continue reading]
AI tokens could really ahead of Nvidia earnings
Cryptocurrencies in the Artificial Intelligence category could see gains as the market prepares for NVIDIA earnings next week. Shares of NVDA have emerged as the poster child for AI crypto tokens, assets noted a rally post the previous earnings … [Continue reading]
Crypto political donations surge to $94 million pre election, exceed previous elections by 13%
Crypto political action committees and industry donors have poured $94 million into Federal Political Committees since 2023. Coinbase and Ripple Labs donated over $40 million to political campaigns, supporting the cause for positive crypto … [Continue reading]